Post
Topic
Board Economics
Re: Bitcoin need a miracle
by
fistteam
on 05/01/2019, 18:32:28 UTC
What y'all got to say about the cryptocurrency market situation at the moment?

There is nothing to be said. No miracle is needed. Just the bear market to end. Price will stop decreasing then and become stable. Half year latter it will slowly start to grow. Most likely a year form now price of Bitcoin will already be higher then right now.

We need to focus on real usuage of bitcoin and that is to use it as a currency. Currently mostly people are using it for trading and more importantly leverage trading which is not good for bitcoins. Once the demand increases, bitcoin prices will rise automatically.
That is of course in this market. And I agree with your opinion. As people get to know bitcoin and its use, of course things will get better, the demand for bitcoin will increase and its value will rise again.